Finance

Debt

ÁKK sells HUF 50 bln of ‘liquidity’ bills at auction, as planned

The Government Debt Management Centre (ÁKK) sold HUF 50 bln of discount "liquidity" bills maturing at the end of the...

Ratings

Fitch leaves Hungary’s non-investment grade unchanged

Fitch Ratings is the third major rating agency to reaffirm Hungary’s non-investment grade rating, along with Standard & Poor’s and...

MNB

Forint firms on interbank market

The forint was trading at 306.05 to the euro late Friday on the interbank forex market, up from 307.28 late...

Banking

BBJ analysis: New taxes hit some sectors harder

The following story is from the November 28-December 11 print edition:...

Banking

Editorial: Without foreigners, we dance alone

The following is an Editorial from the November 28-December 11 print edition:...

MNB

EU transfers raise MNB reserves by EUR 1.2 bln in Q3

Net transfers from the European Union remained the main item raising the National Bank of Hungary's (MNB) international reserves, adding...

Debt

ÁKK raises auction sale of longer bonds

The Government Debt Management Agency (ÁKK) sold more than planned five- and ten-year bonds and sold the announced volume of...

MNB

Forint eases further on interbank market

The forint was trading at 306.98 the euro late Wednesday on the interbank forex market, down from 306.31 late Tuesday....

Debt

ÁKK plans net issues from discount T-bills in Dec-Feb

Hungary's Government Debt Management Agency (ÁKK) plans net forint securities issues of HUF 262 bln in December-February, practically all from...

Debt

ÁKK buys back HUF 40 bln of bonds at reverse auction

The Government Debt Management Agency (ÁKK) bought back HUF 40 bln of three bonds before maturity at a reverse auction...

Banking

Hungary’s tax office NAV publishes investigation material

Hungary's tax and customs office (NAV) has released the results of an investigation following allegations last November of VAT graft...

MNB

Exim launches factoring services

Exim, the joint aegis of Hungarian Export-Import Bank (Eximbank) and Hungarian Export Credit Insurance Company (MEHIB), announced that it would...

MNB

Nomura: Hungary eyes cosmetic cuts in debts

The government and the Hungarian National Bank (MNB) are cooperating to achieve aggressive, cosmetic, reductions in debt-to-GDP ratio at year's...

Ratings

Moody’s sees improved, but still sluggish, mid-term outlook for Hungary

Hungary's medium-term economic growth prospects have improved, though they remain low, continue to lag behind those of regional peers and...

Debt

ÁKK sells HUF 30 bln of three-month bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 30 bln of discount three-month Treasury bills at an auction on Tuesday,...

Banking

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

Ratings

Fitch Sees Hungary’s Deficit Narrowing but Debt Burden Rising

Hungary’s budget deficit is expected to narrow and growth to accelerate in 2027, but rising debt and fiscal vulnerabilities continue...

MNB

MNB Cites Global Uncertainty Behind September Rate Hold

Global economic uncertainty constrained Hungary’s monetary policy room for maneuver, the National Bank of Hungary’s (MNB) Monetary Council agreed at...

OTP Says Exposure Limited as Paraguay’s Ueno Bank Enters Insolvency

OTP Bank said its USD 47 million investment in Paraguay’s Ueno Bank represents a small exposure for the Hungarian lender...

What Happens Next to What We’ve Built? New Challenges in Family Wealth Planning

Building a successful family business takes decades of work, but its future also depends on how carefully the transfer of...

Hungarian Banks Seek Gradual Reduction in 45% Effective Tax Burden

Hungarian banks hope for a “slow but certain” reduction in their tax burden, Hungarian Banking Association President Radovan Jelasity said...

MNB Probe Widens as International Arrest Warrant Issued for Ádám Matolcsy

International arrest warrants have been issued for Ádám Matolcsy, son of former Hungarian central bank Governor György Matolcsy, and businessman...

MNB Holds Base Rate at 5.5%, Maintains Symmetric Interest Rate Corridor

The Monetary Council of the National Bank of Hungary (MNB) left the base rate unchanged at 5.5% at its monthly...

Gránit Bank Hit by Largest Loan Loss Provision in Its History

Gránit Bank reported an additional approximately HUF 9.4 billion loan loss provision in the third quarter of 2026, the largest...

Fitch Sees Hungary’s Deficit Narrowing but Debt Burden Rising

Hungary’s budget deficit is expected to narrow and growth to accelerate in 2027, but rising debt and fiscal vulnerabilities continue...

MNB Cites Global Uncertainty Behind September Rate Hold

Global economic uncertainty constrained Hungary’s monetary policy room for maneuver, the National Bank of Hungary’s (MNB) Monetary Council agreed at...

MNB International Reserves Fall to EUR 62.1 bln in September

The National Bank of Hungary’s (MNB) international reserves stood at EUR 62.061 bln at the end of September, down EUR...

K&H Bank and Mastercard Extend Strategic Partnership Through 2030

K&H Bank and Mastercard have extended their exclusive strategic partnership through 2030, with plans to expand personalized digital financial services...

OTP Forecasts Hungary’s GDP Growth at 1.7% in 2026, 2.5% in 2027

Hungary’s economy could expand by 1.7% this year and 2.5% in 2027, with household consumption driving growth in 2026, according...

Hungary Posts EUR 481 mln Trade Deficit as Import Volumes Jump 13%

Hungary recorded a EUR 481 million goods trade deficit in August as import volumes rose 13% year-on-year while export volumes...

Bayer Construct Gets Default Ratings After Bankruptcy Protection Filing

Scope Ratings has assigned default ratings to Bayer Construct following its bankruptcy protection filing, citing financial pressure linked partly to...

Former Central Bank Governor Matolcsy Questioned as Suspect in Erste Case

Police have questioned seven suspects, including former National Bank of Hungary Governor György Matolcsy, in an investigation into alleged abuse...

MNB to Lower Inflation Target to 2.5% From 2028, Holds Base Rate at 5.5%

The National Bank of Hungary (MNB) will lower its inflation target to 2.5% from Jan. 1, 2028, while retaining its...